South Carolina Real Estate Salesperson Exam: Study Guide & Practice  /  Real Estate Prep

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South Carolina Real Estate Salesperson Exam: Study Guide & Practice Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. The fair value of real property is determined in the market mainly by _____.

Question 2 2. What is the main health concern from radon gas?

Question 3 3. A bridge loan is typically used to fund _____.

Question 4 4. What's the minimum down payment for FHA financing?

Question 5 5. Which of the following is the best way to minimize acquiring a property at foreclosure that has title defects or encumbrances that will not be wiped out by the foreclosure?

Question 6 6. What is an encumbrance?

Question 7 7. A typical mortgage lien is what type of lien?

Question 8 8. Edward's an electrician who wired a newly constructed house. What type of encumbrance may he be able to attach to the house?

Question 9 9. What gives the mineral estate the right to make reasonable use of the surface?

Question 10 10. Tom, Dick and Harry are farmers in a state that uses the prior appropriate doctrine. Tom legally appropriated 100,000 gallons of water in 2001 and 25,000 more in 2005, Dick appropriated 100,000 gallons of water in 2003 and 25,000 more in 2004, and Harry appropriated 125,000 gallons of water in 2004. In 2008, there are only 350,000 gallons available. How much water does each get?

Question 11 11. What is the formula to determine loan-to-value ratio?

Question 12 12. The total transfer fees that must be disclosed prior to, and paid for at a real estate closing, are most often determined by:

Question 13 13. All of the following are legal factors considered in performing a site analysis EXCEPT:

Question 14 14. All of the following are physical factors considered in performing a site analysis EXCEPT:

Question 15 15. When basing the rent price on repaying the mortgage, what should the property manager include in the calculation?

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South Carolina Real Estate Salesperson Exam: Study Guide & Practice Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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